In order to run a successful business, organizations must have a consistent accounting system that keeps their books organized and in order. Businesses that fail to do this will find themselves wasting valuable time, effort, and money in catching up on accounting administrative work. Thankfully, there are many cloud-based e-invoicing software tools that help automate the accounting process to create efficiency and provide real-time insights into the financial health of the company. With cloud-based e-invoicing, companies can benefit from straightforward invoicing, paperless accounting, and operational agility. Here are the top 8 cloud-based e-invoicing software available in the market today.
Top 8 Cloud-Based E-Invoicing Software Available Today
- FreshBooks – best cloud-based e-invoicing software for small businesses wanting that extra support
- Bonsai – Best Cloud-Based E-Invoicing Software With A Global Payment System
- Zoho Invoice – best cloud-based e-invoicing software for small businesses looking to automate invoicing
- Hiveage – best cloud-based e-invoicing software for freelancers and small business owners
- Sage 50cloud – best cloud-based e-invoicing software for businesses that want to combine invoicing, payroll, and inventory management in one tool
- Simplybill – best cloud-based e-invoicing software for a basic and simple e-invoicing software
- Invoicera – best cloud-based e-invoicing software for amazing user experience at all business levels
- Zipbooks – best cloud-based e-invoicing software with intelligent tools to take your business to the next level
1. FreshBooks – best cloud-based e-invoicing software for small businesses wanting that extra support
Pricing: $24.70 USD per month
FreshBooks is an online accounting software tool that provides you with professional invoicing without breaking the bank. Stay organized and never miss an expense being sent to clients. By using FreshBooks’ automation tools, save time and money in one integrated platform.
Key Features:
- Bill clients
- Client profiles and account statements
- Credit card information storage capabilities
- Automated recurring invoicing
- Unlimited estimates
- E-signatures
- Unlimited and customizable invoices
- Late fee scheduler
- Proposal creator
- Online payments
- Pre-authorized debits
- Unlimited time tracking
- Unlimited expenses
- Automated bank reporting
- Tax time reports
- Business health reports
Reasons to Buy:
- Discounts and promotions are available
- 30-day guarantee
- Safe and secure
- Support staff
- Great alternative to Quickbooks
Reasons to Avoid:
- Restricted billable clients
- Add team members at an additional cost per person
- Retainer invoicing option is difficult
2. Bonsai – Best Cloud-Based E-Invoicing Software With A Global Payment System
PRICING: The entry price is $24 per month
Cloud-based invoicing software is a better option for users because it keeps your data safe and ensures your clients can pay with high security. This is why you should consider Bonsai for your invoicing needs. The platform has high encryption security and offers global payment options for flexibility.
This means your client can pay with a credit card in a few seconds. They can also use ACH and PayPal for ease of use. Other options are also available to offer your clients a seamless experience. The best thing is that customers can also pay directly via Bonsai by adding their card details.
The software also keeps a record of all current and former invoices to track your payments. You can also connect different company cards to the platform for tracking expenses and incoming flow. These things will help you keep your books in order for tax season and other purposes.
Key Features:
- Send automatically generated invoices to clients in a few seconds
- Desktop and mobile apps for tracking billing hours to create invoices
- Integrate with other programs for a better experience
- Set automatic payment reminders for clients
- Create new invoices using modifiable Bonsai templates
Reasons To Buy:
- Loads Quickly
- It is easy to set recurring invoices
- You can add due dates to the payments to penalize clients easily
- Set unique conditions for invoices of specific customers
Reasons To Avoid:
- The invoicing templates are not available for free like some other Bonsai templates
3. Zoho Invoice – best cloud-based e-invoicing software for small businesses looking to automate invoicing
Pricing: Free starter tier
Zoho Invoice is a billing and invoicing cloud-based e-invoicing website. Small businesses looking for a great user experience without breaking the bank will be happy to learn that Zoho Invoice is free to sign up. Zoho Invoice is great for small businesses and sole proprietors looking for a flexible way to automate billing and invoicing processes.
Key Features:
- Multiple ways to pay invoices (SMS, email, and client portal)
- Access to a gallery of template
- Bill with multiple currencies and languages
- Accept credit cards, bank transfers, and cheques
- Keep track of customer invoice status
- Collect recurring payments
- Personalize invoices to your company brand
- Customer payment reminders
- Enable multiple localized payment gateways
- Data security and privacy
- Client self-service portal
- Invoices, estimates, and payments are all in one place
- Time and expense tracking
- Detailed reports
Reasons to Buy:
- Trusted by businesses in various industries
- Winner of a myriad of awards
- Transform your billing process for $0
- Apps available or those on the move
- Integrations with popular apps
- Visually appealing
Reasons to Avoid:
- Select functions require coding
- Does not integrate with Zoho Inventory
4. Hiveage – best cloud-based e-invoicing software for freelancers and small business owners
Pricing: Free starter tier
Hiveage is a simple tool to send e-invoicing to customers worldwide. Serve customers better by automatically creating workflows for invoicing, payment receipts, and expense reports. Manage your business with ease in one simple cloud-based platform.
Key Features:
- Unlimited invoicing
- Unlimited estimates
- Unlimited time tracking
- Unlimited expense tracking
- Payment gateways
- Financial reporting
- Secure online experience
- Email support
- Invoice tracking
- Flexible taxes, discounts, and shipping
- Payment reminders
- Recurring billing
- Set user permissions
- Cloud software
Reasons to Buy:
- 14-day free trial
- Custom plans available
- Easy switches between tier packages
- Send invoices quickly
- Promote your brand with personalized templates
- Manage multiple businesses
- Great tool for beginners
Reasons to Avoid:
- Accounting features are limited
- Difficult to navigate at first
5. Sage 50cloud Accounting – best cloud-based e-invoicing software for businesses that want to combine invoicing, payroll, and inventory management in one tool
Pricing: $56.08 USD per user per month
Say goodbye to unpaid invoices with Sage 50cloud Accounting. Sage 50cloud Accounting is a simple and easy-to-use cloud-based e-invoicing software that saves you time and money with its industry-leading accounting tools. Manage cashflows, payments, inventory, payroll, and job costing like a pro.
Key Features:
- Invoice and bill tracking
- Purchase order and approval
- Expense management
- Automated bank reconciliation
- Financial reporting
- Payroll-ready
- Inventory management
- Job costing
- Job management
- Security and cyber protection
- Automatic updates and enhancements
- Unlimited access to phone support
- Unlimited online chat support
- Dedicated customer representative
- Cashflow manager
Reasons to Buy:
- Combine invoicing, payroll, and inventory management in one organized place
- Excellent customer support
- Resources for training
- User friendly
- Integrated cloud accounting app
Reasons to Avoid:
- Relatively expensive
- Not ideal for businesses needing the rest of the features
- Steep learning curve
6. Simplybill – best cloud-based e-invoicing software for a basic and simple e-invoicing software
Pricing: $5 USD per month
Simplybill is an “accounting made simple” e-invoicing tool. Send and track invoices to clients with ease with Simplybill’s account features. As a cloud-based, send invoices whenever and wherever you are in the world.
Key Features:
- Unlimited quotes
- Invoicing capabilities
- Unlimited clients
- Automatic reminders and thank you messages
- Custom templates
- Email alerts
- Save invoices as PDFs
- SSL data encryption
- Alerts when invoices are opened, received, and/or failed to deliver
- Privacy and data security
Reasons to Buy:
- 14-day free trial
- Keep track of when invoices are due
- See monthly business performance
- Compare business performance from year to year
- Track payments
- Track sales tax on invoicing
- Invoice anywhere
- Cloud-based information storing
Reasons to Avoid:
- The number of invoicing allowed per month is limited on the tier purchased
- No support for payment gateways
7. Invoicecera – best cloud-based e-invoicing software for amazing user experience at all business levels
Pricing: Free starter tier
Invoicera is a billing and invoicing software tool for managing payments and costs. Its cloud-based system allows the tool to be accessed on any desktop or phone. With its easy setup, you can access Invoicera’s countless billing options right away. Choose from Invoicera’s select tier options to determine which package is right for you.
Key Features:
- Add multiple businesses
- Invoice approval process
- 3-layered security
- Automated recurring expense
- Automated late payment reminders
- Unlimited time tracking
- Scheduled invoicing
- Unlimited auto-recurring profile
- Client and vendor portals
- TLS security
- Firewall protection
- Comprehensive reporting
- Profit loss analysis
- API access
- Data backups
- Multi-currency support
- Language support
- Automatic invoicing scheduler
- Custom invoice templates
- 30+ international payment gateways
- Expense management
Reasons to Buy:
- 15-day free trial
- Award-winning customer support
- Industry-standard for data security
- 60+ app integrations
- Effortless invoicing
- Automate accounting workflows
- Save with the cloud
- International
Reasons to Avoid:
- Does not integrate well with some apps
- Customer support could be better
- Limited templates
8. Zipbooks – best cloud-based e-invoicing software with intelligent tools to take your business to the next level
Pricing: Free starter tier
Zipbooks is an easy-to-use cloud-based accounting and inventory software. Its e-invoicing enables you to streamline your financial operations which is perfect for small to medium-sized businesses.
Key Features:
- Unlimited invoices
- Unlimited vendors
- Unlimited customers
- Basic Reporting
- Schedule recurring invoices
- Automate bills
- Save invoice line items
- Connect to multiple bank accounts
- Account notifications
- Smart insights and reporting
- Simple reconciliation
- Auto-categorization
- Share documents securely
- Team collaboration features
- Smart tagging
Reasons to Buy:
- Affordable
- User-friendly and easy to navigate
- Gain actionable insights from your accounting data
- Great app experience
- Beautiful interface
- Quick and easy customer support
Reasons to Avoid:
- Report features are lacking
- Lack of app integrations
References
- https://www.zoho.com/invoice/
- https://www.hiveage.com
- https://www.hiveage.com/pricing/
- https://www.freshbooks.com/en-ca/
- https://www.freshbooks.com/en-ca/pricing
- https://www.sage.com/en-us/products/sage-50cloud/pricing/
- https://www.sage.com/en-us/products/sage-50cloud/features/
- https://www.simplybill.com/home/
- https://www.simplybill.com/pricing/
- https://www.invoicera.com
- https://www.invoicera.com/pricing.html
- https://zipbooks.com
- https://zipbooks.com/pricing/